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Experts: Law infrastructure is an important step contributing to increase sustainable growth
30/9/2012 0:00
They importance in achieving economic gains
BAGHDAD - Haider Flaih Rubaie
varied opinions concerned and specialists economists on the Law of infrastructure, has divided most of views between supporters of the law and those who see the need to address some paragraphs, which confirmed it is still vague, regarding explained many economists that the law an important step towards achieving economic gains that could contribute to increasing rates of sustainable growth in Iraq, others stressed the need for the law includes the government's plans and the general approach that came for him, pointing to the absence of some paragraphs that can show standards payment on credit, especially when it's policy can confuse budgets Iraq Finance in the event of accumulation funds owed to the companies that implement the projects.
called Prime Minister, in (15 September 2012), during a press conference held at the parliament building on the sidelines hosted, to vote on the bill infrastructure, while stressing that the project includes removal excesses and finding solutions for bypassing, pointed out that he will be contracted with companies sober in countries Japan, Korea and China to implement infrastructure projects, also called the House of Representatives to allocate $ 37 billion for the advancement of infrastructure in the country.
says economist Dr. Majid picture that the process of borrowing is important, is that it confirms The importance comes provided direct those funds towards infrastructure projects real which could contribute to strengthening growth, stressing that what hinders the implementation of those projects are political differences that reflected the economic reality in general and led to the delay in approving several laws during previous periods.
was away Minister of Science and Technology former Dr. Raed Fahmi lot about former view when asked about the plans and approaches the general government that came for it this law, and while absent the answer mature for questionable is increased, saying: What priorities and options for this law, and guarantees the payment obligations on credit, I think that the law and despite my conviction that he would limit the operations of corruption in the event of approval, but many of the paragraphs are not clear but mysterious, too.
While noted which law he will rely principle payment on credit reported an economic expert Dr Akram Abdel Aziz said the budgets of Iraq's financial jumbo , referring them to the lack of importance of the principle of payment on credit, and who was born into question the Abdul Aziz safeguards to be provided by the government to lenders, as well as procedures and penalties imposed on those companies in the event of reluctance or disclaims the implementation of its obligations to the government.
said Abdul Aziz said in case approve infrastructure law, what is the fate of the reconstruction and what are the duties to be delivered after being assigned the task of implementing projects foreign companies.
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